In terms of total spend, the US elementary and secondary school industry is about twice the size of the higher education industry according to IBISWorld. About $100 billion is in play every year for both (which we cover during our Ædificare colloquia); with higher education spending only half of what elementary and secondary school systems spend on facilities.
Note that some districts are including construction for faculty housing.
Our focus remains on applying global standard to create educational settlements that are safer, simpler, lower-cost and longer-lasting — not on the hurly-burly of local school bond elections. We recommend consulting the coverage in American School & University for more detailed and more timely information.
In 2023, we finalised a seismic shift from the old semester-based #educationmodel to a revolutionary approach specifically designed to meet the needs and demands of today’s students and today’s world.
Qualified Zone Academy Bonds (QZABs) are a U.S. government debt instrument created by Section 226 of the Taxpayer Relief Act of 1997. It was later revised and regulations may be found in Section 54(E) of the U.S. Code. QZABs allow certain qualified schools to borrow at nominal interest rates (as low as zero percent) for costs incurred in connection with the establishment of special programs in partnership with the private sector…
…Funds can be used for renovation and rehabilitation projects (including energy projects), as well as equipment purchases (including computers). QZABs cannot be used for new building construction. The school district must obtain matching funds from a private-sector/non-profit partner equal to at least 10% of the cost of the proposed project. Information on the two QZAB federal mandates, 10% match and academy, can be obtained by visiting the American Association of School Administrators (AASA) school financing toolkit (see resources below).
…The normal annual allocation each year has been $400,000,000. However, during 2008, 2009, and 2010, the American Recovery & Reinvestment Act (ARRA) increased these amounts to 1.4 billion. The 2011 allocation has returned to the $400,000,000 level. The allocation is divided up by all fifty states and US possessions. QZABs are a temporary program, subject to reauthorization. The last authorization was for the calendar years 2012 and 2013. Authorizations must be used within two years following the year for which they were given, meaning that authorizations given in 2012 must be used by December 31, 2014. As of July 21, 2014, the reauthorization of the QZAB program for years 2014 and 2015 has not been passed by the U.S. Congress. [Emphasis added*]…
…Schools usually fund large projects, like building renovation or construction, through debt mechanisms such as tax-exempt bonds or loans. School districts must then pay a substantial amount of interest on this debt. For schools serving low income students, QZABs reduce the burden of interest payments by giving financial institutions holding the bonds (or other debt mechanism) a tax credit in lieu of interest. The school district must still pay back the amount of money it initially borrowed, but does not have to pay any interest — typically about half the cost of renovating a school. The credit rate for QZABs sold on a given day is set by the Treasury Department…
With the COVID-19 pandemic disrupting education facility construction projects — and the prospect of at least 10 percent of the built environment rendered redundant for all time — it is enlightening to review the several sources of financing for these construction projects.
We review education industry construction project status and financing at least twice a month during our US Census Bureau Monthly Construction and Finance teleconferences. See our CALENDAR for the next online meeting; open to everyone. Use the login credential at the upper right of our home page.
Duncan G. Stroik is a practicing architect, author, and Professor of Architecture at the University of Notre Dame specializing in religious and classical architecture. Gathered here are images from Christ Chapel, Hillsdale College Michigan. His award-winning work includes the Our Lady of the Most Holy Trinity Chapel in Santa Paula, California, the Shrine of Our Lady of Guadalupe in LaCrosse, Wisconsin, and the Cathedral of Saint Joseph in Sioux Falls, South Dakota.
A frequent lecturer on sacred architecture and the classical tradition, Stroik authored The Church Building as a Sacred Place: Beauty, Transcendence and the Eternaland is the founding editor of Sacred Architecture Journal. He is a graduate of the University of Virginia and the Yale University School of Architecture. Professor Stroik is the 2016 winner of the Arthur Ross Award for Architecture. In 2019, he was appointed to the U.S. Commission of Fine Arts.
The Great Lakes contain enough fresh water to cover the land area of the entire United States under 3 meters of water.
We collect 15 video presentations about Great Lake water safety and sustainability prepared by the 8 Great Lake border state colleges and universities and their national and international partners in Canada.
When the wicked problems of peace and economic inequality cannot be solved, political leaders, and the battalions of servile administrative muckety-mucks who report to them, resort to fear-mongering about an imagined problem to be solved centuries hence assuming every other nation agrees on remedies of its anthropogenic origin. We would not draw attention to it were it not that large tranches of the global academic community are in on the grift costing hundreds of billions in square-footage for research and teaching hopelessness to our children and hatred of climate change deniers.
Before the internet is scrubbed of information contrary to climate change mania, we recommend a few titles:
New update alert! The 2022 update to the Trademark Assignment Dataset is now available online. Find 1.29 million trademark assignments, involving 2.28 million unique trademark properties issued by the USPTO between March 1952 and January 2023: https://t.co/njrDAbSpwBpic.twitter.com/GkAXrHoQ9T
